Corporate Financial Performance on Corporate Governance Mechanism and Corporate Value: Evidence from Indonesia

Handayani, Bestari Dwi; Rohman, Abdul; Chariri, Anis; Pamungkas, Imang Dapit

doi:10.14254/1800-5845/2020.16-3.13

Cited by 23 publications

(29 citation statements)

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“…In our opinion, financial stability is the result of crisis actions. We support Handayani B. D. et al [4], who proved that the effectiveness of the corporate governance mechanism provides high financial results by ensuring the growth of corporate value. Wyrwa, J. notes that one of the most important modern challenges for businesses in the context of Industry 4.0 is to find sources of funding for providing management support [5].…”

Section: Introductionsupporting

confidence: 83%

Crisis Management: Innovative Financial and Accounting Technologies

Єршова¹,

Портна²,

Tretyak³

et al. 2021

TEM Journal

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Under crisis conditions, the behavioural model for business entities is determined by the effectiveness of crisis management which requires the use of innovative financial and accounting technologies, as well as changes that occur within the overall management system of the company. In the course of the current research the mechanism of crisis management of business activity and its elements is proposed and the system of procedural support for the crisis management process is determined. The compliance of accounting and financial instruments and technologies with the functions of crisis management of the company is presented. The paper analyses the importance of organizational changes in the process of crisis management. This allows optimizing the processes of information support for the decision-making process and improving the quality of crisis management of a company.

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Section: Introductionsupporting

confidence: 83%

Crisis Management: Innovative Financial and Accounting Technologies

Єршова¹,

Портна²,

Tretyak³

et al. 2021

TEM Journal

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“…Penelitian Dewi, Sari, Budiasih, dan Suprasto (2019) menunjukkan bahwa free cash flow memiliki pengaruh yang positif dan signifikan terhadap nilai perusahaan dan akan memberikan sinyal yang positif terhadap investor mengenai nilai perusahaan di masa yang akan datang. Handayani et al (2020) melalui penelitiannya menunjukkan bahwa independent board of commissioners memiliki pengaruh yang positif dan signifikan terhadap nilai perusahaan karena dapat mengurangin agency conflict dengan adanya pengawasan dan transparansi.…”

Section: Latar Belakangunclassified

“…Berdasarkan agency theory, komisaris independen sebagai penghubung antara pihak pemilik perusahaan (principal) dan manajer (agent) tidak melaksanakan tugasnya dengan baik dalam menjembatani pihak principal dan agent sehingga tidak memberikan pengaruh terhadap nilai perusahaan. Hasil penelitian ini mendukung hasil penelitian yang telah dilakukan oleh Rusli, Nainggolan, & Pangestu (2020), namun hasil penelitian ini tidak sejalan dengan hasil penelitian yang dilakukan oleh Dewi, Rasmini, & Ratnadi (2019), Utomo et al(2018), Handayani et al (2020).…”

Section: Diskusiunclassified

“…Maryanti dan Fithri (2017);Setiadi et al (2017);Utomo et al(2018);Handayani et al (2020) berdasarkan penelitiannya menunjukkan bahwa independent board of commissioners memberikan pengaruh yang positif dan signifikan terhadap firm value. Sehingga semakin besar komposisi komisaris independen maka semakin besar nilai perusahaan tersebut.Berdasarkan kerangka pemikiran tersebut, maka peningkatan liquidity akan menurunkan firm value, peningkatan profitability akan meningkatkan firm value, peningkatan free cash flow akan meningkatkan firm value, dan peningkatan independent board of commissioners akan meningkatkan firm value, sehingga model kerangka pemikiran pada penelitian ini adalah sebagai berikut: Dengan demikian, berdasarkan kerangka pemikiran, hipotesis pada penelitian ini dirumuskan sebagai berikut:1.…”

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Dampak Rasio Keuangan Dan Good Corporate Governance Terhadap Nilai Perusahaan

Apriana

Ruslim

2021

JMK

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This study aims to examine the effect of financial ratios (liquidity, profitability, and free cash flow) and good corporate governance (independent board of commissioners) on firm value by using time-series data of property and real estate companies listed in Indonesia Stock Exchange in the period of 2015-2019. The samples of this study were 33 firms (165 observations). The method used in this study is multiple panel data regression analysis using E-Views 10.0 software. Firm value is measured by Tobin’s Q, liquidity is measured by current ratio, profitability is measured by return on equity, free cash flow is measured by free cash flow ratio, and independent board of commissioners is measured by independent commissioners ratio. The results show that liquidity and free cash flow significantly influence firm value, but profitability and independent board of commissioners do not have any significant influence on firm value. Penelitian ini bertujuan untuk menguji pengaruh rasio keuangan (liquidity, profitability, dan free cash flow) dan good corporate governance (independent board of commissioners) terhadap firm value dengan menggunakan data time-series pada perusahaan property dan real estate yang terdaftar di BEI periode 2015-2019. Sampel pada penelitian ini berjumlah 33 perusahaan (165 observasi). Metode yang digunakan dalam penelitian ini adalah panel data regression analysis menggunakan software E-Views 10.0. Firm Value diukur menggunakan Tobin’s Q, liquidity diukur menggunakan current ratio, profitability diukur menggunakan return on equity, free cash flow diukur menggunakan free cash flow ratio, dan independent board of commissioners diukur menggunakan independent commissioners ratio. Hasil penelitian menunjukkan bahwa liquidity dan free cash flow berpengaruh signifikan terhadap nilai perusahaan, tetapi profitability dan independent board of commissioners tidak berpengaruh signifikan terhadap firm value.

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“…Thus, researchers [3] conclude that trade-off, hierarchy and theories of free cash flow play an important role in explaining the monetary determinants of companies, influencing the strategy of tax planning and corporate management. In this aspect, draw your attention to the research results on corporate financial indicators as well as their impact on corporate governance and calculation of tax payments [4]. Depending on the scale and financial capabilities, scientists [5] recommend using different models of tax management -from the simplest, which are reduced to tax accounting or tax planning, to complex ones that cover the full range of tax management tools such as tax planning, tax analysis, monitoring of business transactions, tax accounting and reporting, and tax control.…”

Section: Introductionmentioning

confidence: 99%

Strategic responses in corporate tax planning using opportunity areas

2021

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Using sampling for companies from EU member states and Ukraine, we find a significant and positive relationship between the company size and the amount of corporate taxes. We use questionnaires to determine the role of corporations in expanding the scope of tax management and discover an increased effect of corporate planning. Moreover, we offer a model of corporate tax planning considering the opportunity areas. This model determines the taxation framework for a company. We have developed a map to determine the degree of effective tax planning for a company. Finally, we use the functional-activity model of the tax planning process to substantiate the conclusion that the responsibility of the participants in such a process stipulates good business reputation. In general, our results suggest that corporate tax planning is an effective way to optimize tax liabilities.

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Corporate Financial Performance on Corporate Governance Mechanism and Corporate Value: Evidence from Indonesia

Cited by 23 publications

References 0 publications

Crisis Management: Innovative Financial and Accounting Technologies

Crisis Management: Innovative Financial and Accounting Technologies

Dampak Rasio Keuangan Dan Good Corporate Governance Terhadap Nilai Perusahaan

Strategic responses in corporate tax planning using opportunity areas

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